Analysts Set Stellantis N.V. (NYSE:STLA) Target Price at $12.74

Key Points

• Stellantis N.V. has received an average analyst recommendation of "Reduce", with two analysts rating it as a sell, nine as a hold, and one as a buy.
• The average 12-month target price for Stellantis stock is $12.7375, reflecting a bearish outlook among brokerages.
• Significant institutional trading activity includes Goldman Sachs increasing its holdings by 208% in the first quarter, indicating strong interest from large investors.

Shares of Stellantis N.V. (NYSE:STLA - Get Free Report) have been given an average rating of "Reduce" by the twelve analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $12.7375.

A number of brokerages have weighed in on STLA. Jefferies Financial Group raised shares of Stellantis from a "hold" rating to a "buy" rating and raised their target price for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. Wolfe Research cut Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Bank of America downgraded Stellantis from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $16.50 to $11.75 in a report on Monday, July 7th. Finally, Zacks Research downgraded Stellantis from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in Stellantis by 54.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after acquiring an additional 1,167 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Stellantis by 2.1% in the 2nd quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company's stock worth $594,000 after buying an additional 1,193 shares in the last quarter. Ballentine Partners LLC raised its position in Stellantis by 8.0% in the 1st quarter. Ballentine Partners LLC now owns 17,792 shares of the company's stock worth $199,000 after buying an additional 1,317 shares during the last quarter. Glenorchy Capital Ltd lifted its stake in Stellantis by 4.9% during the 4th quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock valued at $375,000 after acquiring an additional 1,340 shares during the period. Finally, Straightline Group LLC lifted its stake in Stellantis by 5.0% during the 2nd quarter. Straightline Group LLC now owns 28,248 shares of the company's stock valued at $283,000 after acquiring an additional 1,352 shares during the period. Institutional investors own 59.48% of the company's stock.

Stellantis Stock Down 2.3%

Shares of NYSE:STLA traded down $0.23 during midday trading on Friday, reaching $9.41. The company's stock had a trading volume of 7,583,594 shares, compared to its average volume of 17,305,049. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $9.69 and a 200-day moving average of $10.41. The firm has a market capitalization of $28.43 billion, a P/E ratio of 2.76, a PEG ratio of 0.57 and a beta of 1.46. Stellantis has a 12-month low of $8.39 and a 12-month high of $16.38.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.